Blocks 3&4 Production Update in February 2013

Tethys’ share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in February 2013 to 112,135 barrels of oil, corresponding to 4,005 barrels of oil per day (bopd). The total production from Blocks 3 and 4 amounted in February 2013 to 373,784 barrels of oil, corresponding to 13,349 bopd.

Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 and 4 Ltd, has a 30 per cent interest in Blocks 3 and 4. Partners are Mitsui E&P Middle East B.V. with 20 per cent and the operator CC Energy Development S.A.L. (Oman branch) holding the remaining 50 per cent.